The "Green Climate Fund" (GCF), if set up, will transfer wealth from rich to poor countries. The goal is to raise $100 billion annually, but that would escalate to as much as $1.2 to $1.6 trillion from American taxpayers alone.
Cathie Adams, Eagle Forum International Issues Chairman writes about how former VP Al Gore see funding the GCF: "The most direct policy solution to the climate crisis is a carbon tax, offset by reductions in taxes on wages." He added, "By including the carbon tax in the solution to the fiscal cliff, we can [get] away from the climate cliff."
EVEN MORE: In the 2009 stimulus, the government's investment of $80 billion taxpayer dollars in energy projects led to 1,900 investigations, rendering 600 convictions. One such enterprise, the Chicago Climate Exchange (CCX), was the brainchild of Richard Sandor, an economist and professor at Chicago's Northwestern University. Sandor and Gore both profited when the CCX was sold to commodity traders. Sandor cashed in $90 million for his 16% stake in the exchange.